Cadogan Energy Solutions (LON:CAD) Shares Down 16.8% – Should You Sell?

Shares of Cadogan Energy Solutions PLC (LON:CAD) traded down 16.8% during mid-day trading on Tuesday . The stock traded as low as GBX 4.16 ($0.05) and last traded at GBX 4.16 ($0.05). 275,798 shares changed hands during trading, an increase of 165% from the average session volume of 104,058 shares. The stock had previously closed at GBX 5 ($0.06).

Cadogan Energy Solutions Price Performance

The company has a 50 day moving average of GBX 2.53 and a 200-day moving average of GBX 2.29. The company has a quick ratio of 10.11, a current ratio of 19.35 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of £9.46 million, a P/E ratio of 387.50 and a beta of 0.67.

Insider Buying and Selling

In other Cadogan Energy Solutions news, insider Michel Meeus bought 12,433,651 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of GBX 5 ($0.06) per share, for a total transaction of £621,682.55 ($781,597.37). Company insiders own 71.64% of the company’s stock.

About Cadogan Energy Solutions

Cadogan Energy Solutions PLC, together with its subsidiaries, engages in the exploration, development, and production of natural gas, oil, and condensate in Ukraine. It operates through Exploration and Production and Trading segments. The company holds working interest licenses in the west of Ukraine.